Performance & Risk: FMIL
FIDELITY NEW MILLENNIUM ETF
30.73 0.02 (0.07%)AS OF 4:10:01pm ET 12/01/2022 Quotes delayed at least 15 minutes.
Premium / Discount to NAV as of 10/31/2022
Growth of Hypothetical $10,000 * as of 10/31/2022
Month-End Average Annual Total Returns And Risks As of 10/31/2022
|Returns||Volatility(vs. Market Benchmark)|
|Average||NAV Return||Market Return||Benchmark Index
(S&P 500 TR USD)
AS OF 10/31/2022
(S&P 500 TR USD)
AS OF 10/31/2022
Quarter-End Average Annual Total Returns As of 09/30/2022
|Return Before Taxes (pre-tax)||Return After Taxes On Distribution (post tax)||Return After Taxes On Distribution & Sale of Fund Shares (liquidation)
|Average||NAV Return||Market Return||NAV Return||Market Return||NAV Return||Market Return|
Tax-adjusted returns and tax cost ratio are estimates of the impact taxes have had on a fund. Assumes the highest tax rate in calculating and follow the SEC guidelines for calculating returns before sale of shares. Click here to learn more.
The objective of the actively managed ETF Tracking Basket is to construct a portfolio of stocks and representative index ETFs that tracks the daily performance of an actively managed ETF without exposing current holdings, trading activities, or internal equity research. The Tracking Basket is designed to conceal any nonpublic information about the underlying portfolio and only uses the Fund's latest publicly disclosed holdings, representative ETFs, and the publicly known daily performance in its construction. Although the Tracking Basket is intended to provide investors with enough information to allow for an effective arbitrage mechanism that will keep the market price of the Fund at or close to the underlying NAV per share of the Fund, there is a risk (which may increase during periods of market disruption or volatility) that market prices will vary significantly from the underlying NAV of the Fund; ETFs trading on the basis of a published Tracking Basket may trade at a wider bid/ask spread than ETFs that publish their portfolios on a daily basis, especially during periods of market disruption or volatility, and, therefore, may cost investors more to trade, and although the Fund seeks to benefit from keeping its portfolio information secret, market participants may attempt to use the Tracking Basket to identify a Fund's trading strategy, which, if successful, could result in such market participants engaging in certain predatory trading practices that may have the potential to harm the Fund and its shareholders. Because shares are traded in the secondary market, a broker may charge a commission to execute a transaction in shares, and an investor may incur the cost of the spread between the price at which a dealer will buy shares and the price at which a dealer will sell shares. The fund may have a limited number of financial institutions that act as authorized participants, none of which are obligated to engage in creation and/ or redemption transactions. To the extent that those authorized participants do not engage in creation and redemption orders, there may be a significantly diminished trading market for fund shares or fund shares may trade at a discount (or premium) to NAV and possibly face trading halts and/or de-listing. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund. Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. The securities of smaller, less well known companies can be more volatile than those of larger companies. The fund may have additional volatility because it can invest a significant portion of assets in securities of a small number of individual issuers.
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.
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